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14 days ago
Brazil watchdog approves Minerva's purchase of JBS Mercosur assets
July 10, 2017 / 12:47 PM / 14 days ago

Brazil watchdog approves Minerva's purchase of JBS Mercosur assets

1 Min Read

SAO PAULO (Reuters) - Brazil's antitrust watchdog Cade approved on Monday Minerva SA's purchase of rival JBS SA's South American assets without restrictions.

Cade's decision was published on Monday's edition of the government's official gazette. Still, the transaction remains on hold after a Brazilian Supreme Court justice last week upheld a lower court decision to stop the $300 million transaction.

Reporting by Guillermo Parra-Bernal

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